Ken Griffin Warns of Potential Recession Due to Strait of Hormuz Closure

Ken Griffin has expressed concerns that a prolonged closure of the Strait of Hormuz, responsible for approximately 20% of global oil shipments, could lead to a global recession if it continues for another six to twelve months. According to NS3.AI, Griffin highlighted that such a global downturn could negatively impact U.S. economic growth and potentially push the country into a recession, despite the U.S. being a net oil exporter.